“The lights begin to twinkle from the rocks:  The long day wanes: the slow moon climbs: the deep  Moans round with many voices.  Come, my friends,  ‘Tis not too late to seek a newer world”  –Ulysses, Alfred, Lord Tennyson, 1842  For more than a decade, the U.S. stock market has resoundingly dominated its global developed international and emerging/frontier counterparts.  But …

Stocks are sailing.  It’s extraordinary to consider that in just six astral weeks, the U.S. stock market has transformed from cascading endlessly to the downside to magnificently floating to the upside.

“I’m singing this note ’cause it fits in well with the chords I’m playingI can’t pretend there’s any meaning hidden in the things I’m sayingBut I’m in tuneRight in tune” – Getting In Tune, The Who, 1971 It is the unexpected beauty of the Liberation Day tariff announcements from just over a month ago.  When you initially announce tariffs against …

April was a turbulent month for global financial markets, characterized by heightened uncertainty and sharp price swings. Just three months into the Trump Administration, sweeping shifts in trade policy – most notably a 10% import tariff announced on April 2nd – rattled investor confidence. The announcement fueled concerns over rising inflation and increased borrowing costs, prompting sell-offs across both equity …

Investors have been in search of a new bull market with stocks careening to the downside for more than two months.